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VOL. 124 | NO. 82 | Tuesday, April 28, 2009

Reappraisal Numbers Up Almost 9 Percent Countywide

An analysis of the tax rolls shows an 8.8 percent gain in the assessed value of property in Shelby County as a result of the 2009 countywide reappraisal, which became official April 20.

Health officials ask airport about flu monitoring

The Memphis and Shelby County Health Department is in talks with the Memphis International Airport about setting up a system to identify flyers with flu-like symptoms.

New ‘Distressed’ Status Helps County Increase Business Incentives

The state of Tennessee has agreed that Shelby County is “economically distressed.”

Council Wants new set of Budget Plans from City Admin.

Shelby County Chancellor Kenny Armstrong stayed his decision that the city of Memphis immediately pay $57 million to Memphis City Schools for the 2008-2009 school year while the city’s appeal of that decision is pending.

Stimulus Credit Lures First-Time Buyers

Like many people, Tyree Nesbit III became addicted to the 24-hour news networks during last year’s presidential campaign.

Local Weather
Memphis, TN
Wind: West at 6.9 mph
Humidity: 100%


The Memphis Rotary Club will meet today at noon at the University Club of Memphis, 1346 Central Ave. Kim Fremont Fortunato of Operation Warm will speak. Lunch is $18 per person and reservations are required. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

Conference Attendance Hints at Nonprofit Slump

The sign-up list for an event Friday intended to help nonprofit organizations cope with today’s economic challenges may be evidence that the organizations are feeling the financial crunch.

Health Officials Respond To Swine Flu Fears

Officials at the county, state, national and global levels continued putting response plans into action Monday as the World Health Organization considered an unprecedented pandemic alert level because of swine flu.

No Confirmed Swine Flu Cases in Tennessee Yet

NASHVILLE, Tenn. (AP) - Tennessee health officials expect mild cases of the swine flu to be confirmed in the state.

Bank of America Rebrands Mortgage Operations

NEW YORK (AP) – Bank of America Corp. has officially dropped the Countrywide Home Loans name as part of its integration of the mortgage lender, which was acquired last year.

Fed to Weigh Options To Revive Economy

WASHINGTON (AP) – As the recession grinds on, Federal Reserve policymakers will open a two-day meeting today to make a fresh assessment of economic conditions, review the effectiveness of programs in place and weigh whether they need to expand or change them.

Tabor Orthopedics to Renovate Newly Purchased Office Building

1244 Primacy Parkway, Memphis, TN 38119, Permit Amount: $1.5 Million -
Tabor Orthopedics has filed a $1.5 million permit application with the city-county Office of Construction Code Enforcement to remodel its recently acquired property at 1244 Primacy Parkway in the Quince/Ridgeway area of East Memphis.

Apollo Group Names Co-Chief Executive

PHOENIX (AP) - Apollo Group Inc., which operates University of Phoenix and other education subsidiaries, said Monday it named Gregory Cappelli its co-chief executive.

Entertainer Jerry Lee Lewis at Legislature Monday

NASHVILLE, Tenn. (AP) - Great Balls of Fire! The Tennessee Legislature is set to honor Jerry Lee Lewis.

Humana Q1 Profit More than Doubles

LOUISVILLE, Ky. (AP) - Health insurer Humana Inc. said Monday its first-quarter profit more than doubled as its government business surged from higher membership in its Medicare Advantage plans and lower expenses in Medicare drug plans that sapped earnings a year ago.

UAW, Chrysler and Fiat Reach Concession Deal

DETROIT (AP) - Chrysler LLC cleared another major obstacle to its survival Sunday when it reached a tentative deal on concessions with the United Auto Workers union, helping it move closer to inking a vital alliance with Italy's Fiat Group SpA.

GM to Cut 21,000 US Factory Jobs, Shed Pontiac

DETROIT (AP) - General Motors Corp. could be majority owned by the federal government under a massive restructuring plan laid out Monday that will cut 21,000 U.S. factory jobs by next year and phase out the storied Pontiac brand.

Verizon Q1 Profit, Revenue Beat Expectations

NEW YORK (AP) - Verizon Communications Inc. said Monday its earnings grew 5 percent in the first quarter, boosted by its acquisition of Little Rock, Ark.-based Alltel Corp. and strong demand for its wireless, Internet and TV services.

Boeing CEO Calls Slump 'Once-in-a-Lifetime' Event

CHICAGO (AP) - Boeing Co. Chairman and Chief Executive Jim McNerney assured shareholders Monday that the company is in strong shape to ride out the "once-in-a-lifetime" downturn that has walloped its profits, jetliner orders and stock price.

Racial Disparities Remain in Higher-Paying US Jobs

WASHINGTON (AP) - Blacks and Hispanics lag behind whites for higher-paying jobs at the largest rates in about a decade as employment opportunities dwindled during U.S. economic woes and a housing slump.

Swine Flu Casts Shadow Over Economy

LONDON (AP) - Uncertainty over the swine flu outbreak cast a shadow over the struggling global economy Monday, raising fears that that the spread of the virus could harm trade and tourism and undermine businesses just as they begin to rally.

Hospitals Cutting Services, Staff Amid Recession

TRENTON, N.J. (AP) - Ailing from the recession, many U.S. hospitals have had to begin making painful cuts to patient services and laying off staff, as previous cost-cutting hasn't been enough, an industry survey found.

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PROPERTY SALES 83 363 9,932
MORTGAGES 91 378 11,692
BANKRUPTCIES 44 207 6,644

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